JP Morgan Chase & Co.

External Reporting Controller - Fixed Income

JP Morgan Chase & Co.$120K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 4+ years of experience in finance or accounting roles
  • Strong proficiency in Excel and Alteryx
  • Solid understanding of accounting principles including Fair Value Measurement (FVM)
  • Knowledge of fixed income products and associated accounting standards
  • Familiarity with capital concepts and Risk-Weighted Assets (RWA)
  • Excellent relationship-building skills for team collaboration
  • Proven ability to work effectively under pressure with strong time management

Responsibilities

  • Oversee quality and integrity of financial statements for the business unit
  • Ensure understanding of financial reporting developments and capital framework changes
  • Implement new regulatory developments like Basel IV and FRTB
  • Analyze and advise on transaction control and optimal accounting strategies
  • Guide on product accounting in compliance with Corporate Regulatory requirements
  • Compile corporate regulatory reporting for additional Liquidity and Capital standards
  • Coordinate with Legal Entity Controllers for financial statement integrity

Benefits

  • Access to industry-leading financial technology tools
  • Professional development opportunities within a global leader
  • Collaborative working environment with a strong emphasis on teamwork
  • Opportunities for upward mobility within the organization
  • A comprehensive approach to work-life balance and employee well-being
Full Job Description
JOB DESCRIPTION

The Credit Trading & Syndicate and Public Finance businesses within Investment Bank Fixed Income Division is a market leader in credit products for a wide range of clients globally. Product Control function is primarily responsible for the Balance Sheet and Capital Management, P&L production and Risk management control of both the standard and non-standard elements of the business. The Product Controller External Reporting team owns the integrity of the financial statement of the Line of Business. 

 

As the Product Controller Senior Associate supporting the Balance Sheet and Capital, you will be responsible for overseeing transaction cycle control and advises on deal specific accounting. Analysis and partnership with the Business on Capital Requirements (Basel  III and Basel IV) and funding implications is also an integral part of the role. This broadly includes participating in the financial aspects of the business unit management, identifying, and advising on business tax, accounting, and booking issues, active participation in the new product approval process, revenue sharing execution and an overall signoff of the business unit financial statements. You also will be responsible for the external financial reporting of the North America Credit Trading & Syndicate business and Public Finance.

Job responsibilities: 

  • Oversee and be accountable for the quality and integrity of the financial statements and internal business performance reporting for the Business.

  • Ensure the business fully understands developments in financial reporting and priorities, including changes to the Capital framework, Risk Weighted Assets, revenue recognition on bifurcated deals, and drivers of daily P&L.

  • Follow, implement, and roll out new developments in the regulatory space, such as GSIB, FRTB, Basel IV, and new accounting pronouncements.

  • Analyze and advise in the Accounting and Control function, responsible for booking and control of transactions, and transaction & booking strategies to ensure optimal tax and regulatory implications.

  • Provide guidance on accounting for products, liaising with the Accounting Policy group as appropriate, and ensuring compliance with Corporate Regulatory requirements.

  • Understand, oversee, and compile corporate regulatory reporting requirements for the business, including additional Liquidity, Capital, or Reporting standards.

  • Co-ordinate with Legal Entity Controllers centrally and in countries to ensure financial statement integrity and adherence to regulatory and disclosure requirements.

  • Review and discuss monthly financial performance reports for the business and Legal Entity reporting, including commentary on comparatives, significant revenue items, and trends.

  • Understand and oversee product valuation issues.

  • Understand and contribute to various control frameworks, including Continuous Self Assessment (CSA), Sarbanes Oxley, Business Control Committees (BCC’s), and New Business Initiative Approval (NBIA).

  • Analyze and advise on accounting, control, and reporting matters to ensure compliance and optimal outcomes for the business.

Required qualifications, capabilities, and skills:

  • 4+ years of experience

  • Strong proficiency in Excel and Alteryx

  • Solid understanding of accounting principles, including Fair Value Measurement (FVM), Fair Value Option (FVO), and loan accounting (recognition, measurement, impairment)

  • Fixed Income product knowledge, such as bonds, loans, asset-backed securities, CDS and Interest Rate Swaps

  • Knowledge of capital concepts and Risk-Weighted Assets (RWA), including regulatory requirements and calculation methodologies

  • Excellent relationship-building skills; comfortable interacting with business contacts and working in teams

  • Ability to summarize complex information and present it at the executive level with capacity to understand and support business strategy in a growth environment

  • Strong teamwork, coachability, and ability to take direction and deliver results with minimal supervision

  • Proven ability to work effectively under pressure and deliver results within tight deadlines, strong time management and multitasking skills

  • Practical fluency with AI-enabled productivity toolsto accelerate research, writing, analysis, and stakeholder communications

 

To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

Similar Jobs

More Jobs at JP Morgan Chase & Co.

More Finance & Insurance Jobs

Find similar External Reporting Controller - Fixed Income jobs: